Sandstorm Gold Ltd. (NYSEMKT:SAND) has received an average recommendation of “Buy” from the ten ratings firms that are presently covering the firm. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.00.
A number of analysts have weighed in on SAND shares. BMO Capital Markets started coverage on shares of Sandstorm Gold in a research report on Thursday, July 7th. They issued a “market perform” rating on the stock. CIBC upgraded shares of Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, July 11th. TD Securities upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Finally, Canaccord Genuity lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th.
Shares of Sandstorm Gold (NYSEMKT:SAND) traded down 1.36% during trading on Thursday, hitting $5.07. The stock had a trading volume of 1,681,300 shares. Sandstorm Gold has a 52 week low of $1.94 and a 52 week high of $6.75. The stock’s 50 day moving average is $5.88 and its 200 day moving average is $4.67. The stock’s market capitalization is $762.53 million.
A hedge fund recently raised its stake in Sandstorm Gold stock. LPL Financial LLC raised its stake in Sandstorm Gold Ltd. (NYSEMKT:SAND) by 329.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,540 shares of the company’s stock after buying an additional 47,200 shares during the period. LPL Financial LLC’s holdings in Sandstorm Gold were worth $206,000 as of its most recent SEC filing.
About Sandstorm Gold
Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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